Grounded People Apparel Inc. Announces Cancellation of Warrants

(TheNewswire)

VANCOUVER, British Columbia – January 7, 2026 –TheNewswire - GroundedPeople Apparel Inc. (“Grounded” or the “Company”) (CSE:SHOE.X)(OTCQB: GPAIF) (Frankfurt: K1G, WKN: A3DVB1) announcesthat it has cancelled an aggregate of 4,111,667 common share purchasewarrants (the “Warrants”).

The cancelled Warrants were originally issued pursuantto private placements completed on December 27, 2023, April 17, 2024,August 12, 2024, and November 20, 2024. The Warrants entitled theholders thereof to acquire one common share of the Company at exerciseprices of $0.50, $1.00, $0.75, and $0.71 per share, with expiry datesof December 27, 2028, April 17, 2029, August 12, 2029, and November20, 2029, respectively.

The Warrants were cancelled voluntarily by the holders,and no consideration was paid by the Company in connection with suchcancellation.

Following the cancellation of the Warrants, the Companyhas no common share purchase warrants outstanding.

The cancellation of the Warrants does not affect thenumber of common shares of the Company issued and outstanding.

ON BEHALF OF THE BOARD OF DIRECTORS

“Maximilian Justus”

Maximilian Justus

Chief Executive Officer

For further information, please contact:

Email: investors@groundedpeople.com

Telephone: 1-844-673-6753

CAUTIONARY DISCLAIMERSTATEMENT

This news release includes certain “forward-lookingstatements” under applicable Canadian securities legislation.Forward-looking statements are necessarily based upon severalestimates and assumptions that, while considered reasonable, aresubject to known and unknown risks, uncertainties, and other factorswhich may cause the actual results and future events to differmaterially from those expressed or implied by such forward lookingstatements. Accordingly, readers should not place undue reliance onforward-looking statements. The Company disclaims any intention orobligation to update or revise any forward-looking statements, whetheras a result of new information, future events or otherwise, except asrequired by law.

The CSE hasneither approved nor disapproved the contents of this news release.Neither the CSE nor its Market Regulator (as that term is defined inthe policies of the CSE) accepts responsibility for the adequacy oraccuracy of this release.

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